Trump Says Intel Will Build Apple Chips In U.S.; Stock Jumps 10%
On Thursday, June 18, 2026, President Donald Trump posted that Intel will work with Apple to design and manufacture chips in the U.S.[1]
Intel's stock rose $12.72, or 10.5%, to $133.82 shortly after markets opened following Mr. Trump's post.[1] Apple did not immediately respond to requests for comment, and Intel said it would not comment on any potential Apple-Intel agreement.[1] Analyst Dan Ives called the arrangement a preliminary deal reached after more than a year of negotiations that would diversify Apple's chip manufacturing footprint.[1]
On August 22, 2025, the U.S. government converted nearly $9 billion in unpaid CHIPS Act grants and other funds into a 9.9% stake in Intel by buying 433.3 million shares at $20.47 each. Trump said that stake has grown in value to over $60 billion as Intel's valuation climbed to about $600 billion.[1] Intel is spending more than $100 billion to expand U.S. manufacturing, including major fabs in Arizona, Ohio and advanced packaging in New Mexico.
Apple bought about $24 billion in wafers from TSMC in 2025, roughly 20% of TSMC's revenue that year, highlighting the scale of the shift if Apple moves significant production stateside. Traders and analysts on social media called it a major reshoring and AI infrastructure play and said Intel added tens of billions in market value on the news.
The mainstream summary frames the Intel-Apple collaboration primarily as a stock market reaction to Trump's announcement, but it overlooks the broader implications of this potential partnership. Analysts and social media users highlight that this move represents a significant shift in Apple's supply chain strategy, aiming to mitigate geopolitical risks by reducing reliance on TSMC. The summary does not mention that Apple spent approximately $24 billion on TSMC wafers in 2025, which underscores the scale of the shift if production moves to the U.S.[2].
Moreover, while the summary notes Intel's substantial investment in U.S. manufacturing, it fails to detail the specific allocations, such as over $32 billion in Arizona and $28 billion in Ohio for new fabs. This context is crucial as it illustrates the scale of Intel's commitment to reshoring semiconductor production, a move that analysts argue is driven by both economic incentives and national security concerns following the COVID-19 pandemic and rising geopolitical tensions Intel.
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📊 Relevant Data
Intel is investing more than $100 billion to expand U.S. chip manufacturing capacity, including over $32 billion in Arizona for two new leading-edge fabs, over $28 billion in Ohio for two new fabs, and over $4 billion in New Mexico for advanced packaging.
US Semiconductor Manufacturing | CHIPS and Science Act — Intel
Apple spent approximately $24 billion on wafers from TSMC in 2025, accounting for about 20% of TSMC's revenue that year.
Apple-TSMC: The Partnership That Built Modern ... — SemiAnalysis
Intel reported total net revenue of $52.9 billion for full-year 2025 and $13.6 billion for the first quarter of 2026.
📌 Key Facts
- On Thursday, June 18, 2026, Trump posted that Intel will work with Apple to design and manufacture chips in the U.S.
- Intel’s stock rose $12.72, or 10.5%, to $133.82 shortly after markets opened following Trump’s post.
- The U.S. government took a 10% stake in Intel last August, which Trump says has grown in value to over $60 billion as Intel’s valuation climbed to about $600 billion.
- Apple did not immediately respond to requests for comment, and Intel said it would not comment on any potential Apple-Intel agreement.
- Analyst Dan Ives described the Apple-Intel arrangement as a preliminary deal reached after more than a year of negotiations that would diversify Apple’s chip manufacturing footprint.
📰 Source Timeline (1)
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